CBP Form 447 North American Free Trade Agreement Motor Vehicle Averaging Election

What Is CBP Form 447?

This is a legal form that was released by the U.S. Department of Homeland Security - Customs and Border Protection on August 1, 2020 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is CBP Form 447?A: CBP Form 447 is a form used for the North American Free Trade Agreement (NAFTA) motor vehicle averaging election.

Q: What is the North American Free Trade Agreement?A: The North American Free Trade Agreement (NAFTA) is a trade agreement between the United States, Canada, and Mexico that aims to promote trade and investment between the three countries.

Q: What is a motor vehicle averaging election?A: A motor vehicle averaging election is a process that allows a motor vehicle manufacturer to determine the average fuel economy and greenhouse gas emissions of its fleet.

Q: Why is CBP Form 447 used for the motor vehicle averaging election?A: CBP Form 447 is used to document and submit the motor vehicle averaging election to the U.S. Customs and Border Protection (CBP) agency.

Q: Who can use CBP Form 447?A: Motor vehicle manufacturers who want to take advantage of the NAFTA motor vehicle averaging election can use CBP Form 447.

Q: What information is required on CBP Form 447?A: CBP Form 447 requires information about the motor vehicle manufacturer, the vehicles covered by the election, and their compliance with the relevant fuel economy and emissions standards.

Q: Is the motor vehicle averaging election mandatory?A: No, the motor vehicle averaging election is optional for motor vehicle manufacturers.

Q: Are there any eligibility criteria for the motor vehicle averaging election?A: Yes, motor vehicle manufacturers must meet certain eligibility criteria to qualify for the motor vehicle averaging election.

Q: What are the benefits of the motor vehicle averaging election?A: The motor vehicle averaging election allows motor vehicle manufacturers to demonstrate compliance with fuel economy and emissions standards while accounting for variations across their vehicle fleet.